Comments and Petitions: How the BitLicense Will Affect the Future of Bitcoin

Comments and Petitions: How the BitLicense Will Affect the Future of Bitcoin

When Ben Lawsky and the NYDFS met with key players in the Bitcoin community earlier this year, there were many questions of what the committee would propose and how it would affect Bitcoin entrepreneurs, businesses and the future of the digital currency industry. For nearly everyone in the Bitcoin ecosystem, the proposed BitLicense struck a nerve. It is a hot button issue including how the proposed rules and regulations will be debilitating to the digital currency industry, how a BitLicense will stifle continued innovation and mainly, the extremely short period which the NYDFS is giving to....


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The EFF Wants You to Take Action Against the BitLicense

The Electronic Frontier Foundation explained their position in regards to New York's proposed BitLicense on Wednesday, and the organization that is known for defending individual rights on the Internet did not have many kind words to say about the possible regulations. Also read: Bitcoin Foundation Condemns Lack of Transparency in New York BitLicense. The point of the post by the EFF was to reach out to their community and find people who would be willing to sends comments to the New York Department of Financial Services. Rainey Reitman, the author of the post on the EFF's website, made it....

BitLicense Comments Reveal Western Union Wants Ben Lawsky to Approve Every Bitcoin ATM Location

Earlier today, NYDFS Ben Lawsky posted to Twitter stating that all the BitLicense comments received by the department have been published. All in all, the NYDFS received 3,746 comments from around the world. The vast majority of commentators are individuals are the average length of comments vary greatly. However, some notable large companies also submitted comments to the NYDFS to seek clarification or provide suggestions. Walmart, Amazon, and Western Union are three of the largest companies that have publicly commented on the BitLicense. Despite releasing the comments, Lawsky still has....

Xapo Releases New Comments on BitLicense

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EFF, Internet Archive, and Reddit All Oppose the Proposed New York BitLicense Bitcoin Regulation

Earlier today, the Electronic Frontier Foundation (EFF), the Internet Archive, and Reddit, all filed public comments to the NYDFS regarding their proposed BitLicense Bitcoin regulation. The EFF first posted about the BitLicense, simultaneously revealing their stance and prompting the populace to send their own comments to the NYDFS, last week. The San Francisco companies have given voice to an opinion about the BitLicense that doesn't require any prerequisite knowledge about Bitcoin. The public comment submitted today represents the opinions of three defining organizations from the....

NYDFS Expects Final BitLicense 'Very Soon'

The New York State Department of Financial Services (NYDFS) suggests it is moving steadily toward the release of a finalized BitLicense under which digital currency businesses would be regulated in the state. Following the end of a comment period in late March, NYDFS deputy superintendent for public affairs Matt Anderson indicated that the NYDFS is processing responses from its final round of open community feedback. Anderson told CoinDesk: "We take some time to review the comments for potential changes or modifications, and hopefully [will] publish a final rule soon." Anderson suggested....